Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Roivant Sciences Ltd’s current trading price is -13.94% away from its 52-week high, while its distance from the 52-week low is 15.94%. The stock’s price range during this period has varied between $9.69 and $13.06. The company, active in the Healthcare sector, saw a trading volume of around 2.26 million for the day, considerably lower average daily volume of 4.66 million observed over the last three months.
Roivant Sciences Ltd’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $13.06 on 09/09/24, and the lowest price during that time was $9.69, recorded on 02/05/24.
How Financial Performance Impacts Market Capitalization
Roivant Sciences Ltd (ROIV) has experienced a quarterly decline of -5.59% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 8.18B and boasts a workforce of 908 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 11.81, with a change in price of -0.38. Similarly, Roivant Sciences Ltd recorded 5,663,110 in trading volume during the last 100 days, posting a change of -3.27%.
How ROIV’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for ROIV stands at 0.01. Similarly, the long-term debt-to-equity ratio is also 0.01.
ROIV Stock Stochastic Average
As of today, the raw stochastic average of Roivant Sciences Ltd over the past 50 days is 27.24%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 38.06%. Additionally, the Stochastic %K and %D values for the company were 19.21% and 9.54%, respectively, over the past 20 days.
ROIV Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price decrease of -5.03%. However, over the past six months, we’ve seen a stronger performance of -2.30%. The price of ROIV leaped by -7.23% over the last 30 days. And in the last five days, it has fallen by -2.39%.
